Home Forum Goods and Services Tax - GST Month 5 2019 2019 (5) This
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Applicability of Anti-Profiteering - Goods and Services Tax - GSTExtract Company is selling its MRP based product to its Distributor only. MRP of the product is say ₹ 1000 and he is selling this product to its Distributor @ ₹ 700+GST. Now, there is Rate change from 28% to 18% so MRP of the product needs to be reduced. Company has reduced MRP of the Product to ₹ 925 commensurate with rate reduction but continue to apply selling price to Distributor same @ ₹ 700+GST only. Will Anti-Profiteering provision applicable to company who is not selling any product cum-tax that is who is not selling any product directly to end user including tax? Please note that for company, Recipient is Distributor only and all are Registered in GST.
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